Roosevelt
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USD/CAD consolidates in a range around 1.4300 ahead of US/Canadian jobs data
USD/CAD struggles for a firm near-term direction and oscillates in a range on Friday. Fed rate cut bets keep the US bond yields and the USD depressed, capping the pair. Rebounding Oil prices underpin the Loonie and also act as headwind for the major. Traders further seem reluctant ahead of the cruci
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ECB's Centeno: May need to go below neutral to sustain inflation
European Central Bank (ECB) Governing Board Member Mario Centeno noted that deflationary pressures within the European economy are becoming a concern for policymakers. Dropping interest rates below neutral in order to stimulate the economy may be necessary, according to Centeno. Key highlights Under
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US ISM Services PMI declines to 52.8 in January vs. 54.3 expected
US ISM Services PMI in the US declined slightly to begin the new year. The US Dollar Index stays deep in negative territory below 107.50. The economic activity in the US service sector continued to expand in January, albeit at a softer pace than in December, with the ISM Services PMI declining to 52
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White House unveils plan to set up sovereign wealth fund
The White House said in a statement late Monday that US President Donald Trump signed an executive order to begin developing a US government-owned investment fund, per Reuters. Additional takeaways The fund could be used to profit from TikTok if an American buyer is found. TikTok has until early Apr
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We await various outcomes of the stunning trade war Trump has started
Outlook The calendar includes the usually important ISM manufacturing survey (and Dec construction spending as well as auto sales), but everything takes second seat to Trump. We await various outcomes of the stunning trade war Trump has started. Mexico has yet to announce its response, and China see
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AUD/USD Price Forecast: Falls back as US Dollar refreshes weekly high
AUD/USD gives up some intraday gains as the US Dollar posts a fresh weekly high amid Donald Trump’s tariff fears. Donald Trump is poised to impose 25% tariffs on Canada and Mexico, and 100% on BRICS. Investors expect the RBA to pivot to a policy-easing stance from February. The AUD/USD pair surrende
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Gold and cybersecurity stocks hit record highs [Video]
The European Central Bank (ECB) cut the interest rates yesterday for the fifth time and voiced concerns about euro area growth and tariff threats.Trump renewed his pledge to impose 25% tariffs on Canada and Mexico, sending the currencies of both countries lower against the US dollar. Gold hit a fres
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ECB rate cut, US tariffs and BRICS
Important News for the day Fri, 31st, – CET DE German prelim CPI. Fri, 31st, 14:30 CET CA Gross domestic product. Fri, 31st, 14:30 CET US Core PCE price index. US tariffs President Trump will start implementing new tariffs over Canada and Mexico. Both are important trading partners for the US. Still
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Pull-up Update
